Metropolis Capital Holdings (HKSE:08621) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Metropolis Capital Holdings Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Metropolis Capital Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$0.00 Mil. Metropolis Capital Holdings's average total debt for the quarter that ended in Dec. 2023 was HK$45.15 Mil. Therefore, Metropolis Capital Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Metropolis Capital Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Metropolis Capital Holdings's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Metropolis Capital Holdings Effective Interest Rate on Debt % Chart

Metropolis Capital Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.24

6.31

13.62

13.92

Metropolis Capital Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-0.45	11.11	3.20	-	-

Competitive Comparison of Metropolis Capital Holdings's Effective Interest Rate on Debt %

For the Credit Services subindustry, Metropolis Capital Holdings's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Metropolis Capital Holdings's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Metropolis Capital Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Metropolis Capital Holdings's Effective Interest Rate on Debt % falls into.

Metropolis Capital Holdings Effective Interest Rate on Debt % Calculation

Metropolis Capital Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (132.158	+	45.15)	/ 2 )
=	-1 * 0	/	88.654
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.487	+	70.671
=	132.158

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.702	+	41.448
=	45.15

Metropolis Capital Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	45.15)	/ 1 )
=	-1 * 0	/	45.15
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.702	+	41.448
=	45.15

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Metropolis Capital Holdings (HKSE:08621) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Metropolis Capital Holdings Effective Interest Rate on Debt % Related Terms

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Metropolis Capital Holdings (HKSE:08621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Metropolis Capital Holdings Ltd (HKSE:08621) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 7003A, 887 Huai Hai Zhong Road, Huangpu District, Shanghai, CHN, 200020

Website

https://www.metropolis-leasing.com

Metropolis Capital Holdings Ltd is a financial leasing company engaged in providing customized vehicle finance leasing to its customers. The Group categorizes its vehicle finance leasing into typical finance leasing and sale and leaseback arrangements. Typical finance leasing generally involves the leasing of the vehicle acquired by the company from a vehicle dealer prior to a lease transaction, and The sale and leaseback arrangement generally involves the leasing of a new or second-hand vehicle acquired by its customer from a vehicle dealer prior to a lease transaction. The Group's operation is in the People's Republic of China.

Executives

View Art Investment Limited
Chau David

Metropolis Capital Holdings (HKSE:08621) Headlines

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